Former owner buys Woodmace out of administration

Civils, groundworks and concrete frame specialist Woodmace has been bought out of administration by its founder and former owner John Oak.
Woodmace went into administration on Wednesday following a cash flow crisis.
Administrator Begbies Traynor then oversaw the acquisition of the assets and trade of Woodmace Ltd and Woodmace Plant Ltd by Oak via his company Woodmace Concrete Structures Ltd.The move has saved 150 jobs and enabled work to resume at a range of developments across southern England